STATEMENT OF PURPOSE
RS28565 / H0213
This bill makes the Rebound Idaho Small Business Grants issued during 2020 nontaxable for state income tax
purposes.
This bill makes forgiven Paycheck Protection Program loans issued during 2020 nontaxable for state income
tax purposes.
FISCAL NOTE
The cash grants and loans forgiven under these acts are one-time federal relief money and not part of any
ongoing revenue. Emergency rental assistance program funds are included in taxable income because this is
replacement income to the taxpayer.
Contact:
Representative Dustin Manwaring
(208) 332-1000
Senator Rice
(208) 332-1000
DISCLAIMER: This statement of purpose and fiscal note are a mere attachment to this bill and prepared by a proponent
of the bill. It is neither intended as an expression of legislative intent nor intended for any use outside of the legislative
process, including judicial review (Joint Rule 18).
Statement of Purpose / Fiscal Note Bill SOP/FN INTRODUCED: 02/18/2021, 10:05 AM


Statutes affected:
Bill Text: 63-3022